DomaCom gains transaction
DomaCom has signed a third national dealer group to its Foundation Partner program, which has now signed a total of 11 Australian financial services (AFS) licensees that advise on a total of $3 billion.
The free financial planning software solution will focus on developing its property trading platform, according to DomaCom founder and former Praemium chief executive Arthur Naoumidis.
"The significance to DomaCom is that even applying a moderate allocation to direct property means there is sufficient potential investment money to launch the property platform.
"Our focus now will be on the property supply side and completing the technology build," he said.
"Properties with reverse mortgage contracts in place are also in a position to benefit from a new funding source via DomaCom," Naoumidis said.
AUTHOR
Staff Writer
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.
